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Feb 20, 2013
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austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i know it off the top of my head. i think you need to still hit the revenue side. you need revenues and spending to be that fly% differential, you have to get there. you need revenues up by 18%. >> do you get that growing or additional taxes? >> i don't want to use the word taxes and i'm not trying to -- i don't think we're talking about tax rates here. there are certainly revenue loopholes we could be closing. >> we're supposed to close those to lower marginal rates. >> but we didn't. >> simpson-bowles we were lowering marginal rates and closing loopholes. now, we raise annual rates and you close loopholes. >> it
austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i...
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Feb 4, 2013
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. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back. the dow industrial it is pulling way back from friday's 14,000 peak in a significant way. let's get to bob pisani recapping the movers. >> biggest declines of the year. declines up 1.5% to 2% in all the big names. but please note compared to what happened in europe, this is small potatoes. put up some of what happened here. nothing yet in italy the ol
. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two....
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Feb 15, 2013
02/13
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obama care. the governor of ohio is going to join us next up. free market capitalism is the best path to prosperity. don't forget, lower marginal tax rates across the board. all right? if you can't deal with reagan, think john f. kennedy, who launched a budget during the 1960s. why would you raise taxes now? i'm kudlow. we'll be right back. >>> ohio republican government john kasich in the news these days. conservatives are heaping praise over his tax cuts but some don't like him taking expanded medicaid money from obama. conservatives, some of them, don't have any nice to say about john kasich at all. more or less you have 20% income tax cut across the board, joining a whole bunch of republican governors across the country who are leading the way while washington is raising taxes. the liberals of course i was reading the "columbus dispatch" and what not, they were saying tax cuts for the rich, that's all you're doing. >> larry, in addition to lowering the income tax so everybody doesn't scoot ou
obama care. the governor of ohio is going to join us next up. free market capitalism is the best path to prosperity. don't forget, lower marginal tax rates across the board. all right? if you can't deal with reagan, think john f. kennedy, who launched a budget during the 1960s. why would you raise taxes now? i'm kudlow. we'll be right back. >>> ohio republican government john kasich in the news these days. conservatives are heaping praise over his tax cuts but some don't like him...
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Feb 7, 2013
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. >>> is obama care just what the doctor ordered? we'll be talking live to mark parkinson over his concerns about the health system in the u.s. when we come back. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> some of the other stories we're following today, credit suisse stock is higher after the group reported weaker than expected profits on the back of lower revenue from its investment banking unit. carolin has been tracking the results. she joins us for more in a snowy zurich. >> in a very, very cold zurich. a lot of one offs to get through like restructuring costs and accounting charges, credit charges. but let's continue the discussion with the head of financials research at sarasin. good morning to you. thank you so much for bra
. >>> is obama care just what the doctor ordered? we'll be talking live to mark parkinson over his concerns about the health system in the u.s. when we come back. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond...
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Feb 13, 2013
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the state of the union last night in the wake of that, take a look at mcdonald's, president obama talks about a $9 minimum wage floor, what is that doing to mcdonald's today? we're not immune to the rhetoric. the problem for the market right now is over the next couple of weeks, there's not much out there that will allow us to look at the potential story. >> merck warning the company will take a 5% per share hit due to venezuela's currency devaluation. josh, what do you think here? until they devalue again this say one-time thing, right? >> yeah, i think this is one of those things that most people should not pay too much attention to, because really at the end of the day, who knows. >> if you've been paying attention to venezuela at all you knew this was coming at some point. burning through reserves like crazy. >> when is the last time anyone's seen this guy. >> december 11th, hasn't tweeted in 151 days. >> it's a murder mystery in venezuela. i'll try not trading that one. >> i'll make it simple, pfizer is the thing you want to own. >> i'm long pfizer so i agree. >> jcpenney boosting
the state of the union last night in the wake of that, take a look at mcdonald's, president obama talks about a $9 minimum wage floor, what is that doing to mcdonald's today? we're not immune to the rhetoric. the problem for the market right now is over the next couple of weeks, there's not much out there that will allow us to look at the potential story. >> merck warning the company will take a 5% per share hit due to venezuela's currency devaluation. josh, what do you think here? until...
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Feb 6, 2013
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this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr. cantor will join me tomorrow. next up this evening, we had a nice recovery rally in the markets today. but here's what i want to know. what effect will the sequester have on stocks? will it be as dire as some say or might it be bullish. we'll get answers. free market capitalism, the best path to prosperity. free market capitalism says shrink government spending to grow the economy. i'm larry kudlow. we'll be right back. all right that's a fifth-floor problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha
this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr....
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Feb 18, 2013
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we can't do it. >> that was from president obama's 66-minute state of the union address this week. the first in his second term. joining me now, was deputy secretary for president bush, michael beschloss is a presidential historian. thanks for being here. tony, what did you think? can we get an economic policy that doesn't stress consumers or scare investors as the president said? >> it's hard actually in this environment. i talk to people about this all the time and try to help them understand what's going on here in washington. and these really are, you know, manufactured crises in a lot of ways, but some of them are structural to our system. the president talks a lot about republicans bringing things to the brink with things like the debt ceiling which i've been very vocal about. republicans should not try to have that fight on the debt ceiling. but we have a budgeting problem in washington where the senate can essentially just walk away from the game of doing a budget in washington. # that what's never happened and it's happened three years in a row. the only consistent way to
we can't do it. >> that was from president obama's 66-minute state of the union address this week. the first in his second term. joining me now, was deputy secretary for president bush, michael beschloss is a presidential historian. thanks for being here. tony, what did you think? can we get an economic policy that doesn't stress consumers or scare investors as the president said? >> it's hard actually in this environment. i talk to people about this all the time and try to help...
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Feb 12, 2013
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obama's former budget director think about that notion? >> ron insana joins us along with peter orszag, the vice chairman formerly with citigroup. >> what are you expecting to be the crux of the president's speech tonight? >> i think he's telegraphed what he's emphasizing, immigration and something on economic growth. what we'll be looking for is what is the solution here, for example, on the sequester that we're starting to, you know, bump up against? what is the proposal? how are we going to get out of this mess? >> and ron, what do you think he says that could cause -- rattle the markets a bit? >> i should preface it, the thing that slips us into a 3% to 5% correction. the president has been making more noises about closing loopholes and raising taxes fort on higher income brackets, something we already went through with respect to the fiscal cliff negotiations, so i think as we move towards the sequester as peter just suggested, the more acrimonious this get and the more the two sides get entrenched around higher taxes on the wealthy o
obama's former budget director think about that notion? >> ron insana joins us along with peter orszag, the vice chairman formerly with citigroup. >> what are you expecting to be the crux of the president's speech tonight? >> i think he's telegraphed what he's emphasizing, immigration and something on economic growth. what we'll be looking for is what is the solution here, for example, on the sequester that we're starting to, you know, bump up against? what is the proposal?...
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Feb 13, 2013
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up next, president obama pushing for a higher minimum federal wage. is that good or bad for the american's con economy. our soci. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. >>> here we go. jane wells and cindy. first up we ask, you, the viewers, do you think president obama's proposal to raise the minimum wage it $9 will boost the economy? almost a quarter said yes. it would give people more spending power. 14% said maybe. but two thirds who voted said no. new minimum wage would hurt small businesses trying to hire new yo new york workers. jane, you are coming to us at an ag expo. how would
up next, president obama pushing for a higher minimum federal wage. is that good or bad for the american's con economy. our soci. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a...
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live to washington for the details on that next. >>> president obama saying the u.s. can reduce its budget deficit. john harwood has more. >> the big question in washington is what is the next budget deal to reduce the deficit going to be? what is going to be in it? will it be spending cuts or revenue? the president said in the super bowl interview with scott pelley yesterday that it has to include revenue and singled out one in particular, that is the carried interest loophole. >> i don't think the issue right now is raising rates. there is no doubt we need additional revenue coupled with smart spending reductions, in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they have earned. >> now, going into the president's favor as he tries to go after this is a widespread belief on wall street, even that this is an unjustified loophole, one of the top figures on wall street told me the
live to washington for the details on that next. >>> president obama saying the u.s. can reduce its budget deficit. john harwood has more. >> the big question in washington is what is the next budget deal to reduce the deficit going to be? what is going to be in it? will it be spending cuts or revenue? the president said in the super bowl interview with scott pelley yesterday that it has to include revenue and singled out one in particular, that is the carried interest loophole....
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she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment that i don't think the country would be safe or well served by. >> she is at least articulate. >> i think he's going to be confirmed anyway, as awful as that sounds. democrats are going to confirm him. that's the life we live in. that's the country we live in, jennifer ruben. thank you very much for your reporting. also thanks to art laffer and michelle caruso-cabrera for being with us this evening. i appreciate it. >>> now we're going to stick with national security. we have reports today that the chinese government has hacked i
she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment...
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Feb 22, 2013
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i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary policy and that's how we'll deal with the fiscal problem. no tax hikes, spending cuts. >> you get both out of the way. you have to at some point and i agree not having qe as an expectation is a tighter policy. that's point number one. point two it's very old wall i need stimulus and i need spending. if you go back to reagan, clinton, go back to eisenhower -- >> strong dollar was consistent with great stuff. >> strong dollar is the most pro growth signal you can find. >> those were golden dollars. these are not golden dollars today. >> the average oil
i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary...
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president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 trillion for the 2013 decade up from $20.2 trillion in it's previous. cbo sees real gdp growing 1.4% in 2013, the sub died growth limits businesses to hire more workers, cbo projecting unemployment rate to stay near 8% this year, also expecting unemployment rate to remain above 7.5% through 2014. debt and deficits will be larger, the cbo says, if current laws were modified and rising health care
president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a...
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they also don't feel that good about how president obama and congress are dealing with each other on the issue. more than half say budget talks make them less confident about the economy. that doesn't mean they don't favor budget cuts. 53% do back some move to lower spending. fed chairman bernanke addressed the sequester during his congressional testimony. he says fed policy can't completely offset a drag from fiscal issues. >> cbo estimates it would cost about .6% of growth in this year and the equivalent of 750,000 jobs. would be a drag on near-term economic recovery. more broadly, all of the actions would be a drag of 1.5% points. quite significant. >> right. i hope you heard that. meanwhile, bernanke says a more appropriate measure would be to introduce spending cuts gradually. he's back on capital again. this day he's testifying before the house financial services committee. that begins at 10:00 a.m. eastern. >>> private equity's biggest players have been predicting an uptick in deal activity this year. firms that put idle cash to work. we'll be going to karen in a few minutes f
they also don't feel that good about how president obama and congress are dealing with each other on the issue. more than half say budget talks make them less confident about the economy. that doesn't mean they don't favor budget cuts. 53% do back some move to lower spending. fed chairman bernanke addressed the sequester during his congressional testimony. he says fed policy can't completely offset a drag from fiscal issues. >> cbo estimates it would cost about .6% of growth in this year...
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president obama had the courage to back him. and it turned out to be successful. in comparison, if i may say so, with what the europeans have done with their banks, where nobody knows what the numbers are, they apply a stress test that was meaningless and here we are some number of years later, they were still, and rightly so, enormous questions about many of the european banks. i think tim has done an excellent job. >> do you push for enough regulation? people look at compensation on wall street and say it's still too much. >> well i don't think that compensation was the purview of tim. you could argue about compensation one way or another and argue what role it played. that's an issue that the policy community is going to have to deal with going forward. but, it wasn't central to what he had to do. >> do you think compensation played a role? obviously the other critique on you has been that you were paid a huge amount of money, $100 million plus. no one's ever asked me and i was wondering if i could, did you get to keep all that money? a lot of it was in stock.
president obama had the courage to back him. and it turned out to be successful. in comparison, if i may say so, with what the europeans have done with their banks, where nobody knows what the numbers are, they apply a stress test that was meaningless and here we are some number of years later, they were still, and rightly so, enormous questions about many of the european banks. i think tim has done an excellent job. >> do you push for enough regulation? people look at compensation on...
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we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor romney for. >> being hypocritical in washington, that's certainly not very unique, i don't think, senator, right? i guess it's politics, the political season. i understand fully what you're saying, but you don't really have anything, right? no one is saying he even was a tax evader, just he did some of the same things that raised eyebrows during the election. >> unlike four years ago, we had several nominees from this administration that didn't pay their taxes. some paid their taxes and others withdrew their name. there's no charges against lew for that reason. but i think we do ha
we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor...
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>>> president obama set to deliver the state of the union tonight at anybo9:00 eastern ti. for that, we go to rick santelli. >> welcome. welcome senator isaacson, senator from georgia. two things. i would like you to weigh in on two ideas. first, one put forth in the "washington post" yesterday. obama, job of debt reduction nearly done, the first one. 80% of the commentators i listen to on television and the media at large, hey, maybe the president will be less partisan and reach across the aisle. weigh in on those two notions. >> first of all, we're not 80% done on the debt and have a long way to go. this president needs to engage on our debt deficit. that's critical. second, i hope it won't be that partisan. hope it will be bipartisan. realizing america has a budget problem and americans have tightened their belts and it's time we did in washington. >> i'm not as optimistic as you are. after four years, i can pretty much tell you all the issues out there and a lot of good ideas. you brought up jobs. really, isn't there a philosophical difference here. that the spending mo
>>> president obama set to deliver the state of the union tonight at anybo9:00 eastern ti. for that, we go to rick santelli. >> welcome. welcome senator isaacson, senator from georgia. two things. i would like you to weigh in on two ideas. first, one put forth in the "washington post" yesterday. obama, job of debt reduction nearly done, the first one. 80% of the commentators i listen to on television and the media at large, hey, maybe the president will be less partisan...
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facebook ceo mark zuckerberg who hosted president barack obama president obama at a facebook town hall two years ago is holding a big re-election fund-raiser for new jersey's very republican governor chris christie. find out what's behind this new lo lovefest in the democrat stronghold of silicon valley. that's coming up later on the "closing bell." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum
facebook ceo mark zuckerberg who hosted president barack obama president obama at a facebook town hall two years ago is holding a big re-election fund-raiser for new jersey's very republican governor chris christie. find out what's behind this new lo lovefest in the democrat stronghold of silicon valley. that's coming up later on the "closing bell." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#:...
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that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage foundation's seminar today for new and old congressional members. the vibe i picked up is, a, no new taxes and, b, let's cut spending. >> it's quite a scene on capitol hill. house republicans are very nervous about the sequester. back home in their districts, a lot of them represent military families, defense mms and employees. tharp not going to accept the president's demand for tax increases zip thought the defense lobby went in to see the president. do we know what happened there? big defense companies. what happened? >> the president brought in a lot of defense executi
that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage...
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did team obama make any real changes to the obama care contraceptive coverage or not? the much-promoted accommodation for religious groups may be falling flat. is there still religious freedom in this story? some catholic leaders today say it's all window dressing. later on in the show it's super bowl weekend, but the big buzz is all about the stunning revelations surrounding dan marino and his love child. our own brian schactman spoke to marino just before the scandal broke, and wait until you hear what they talked about. and don't forget, folks, free market capitalism is the best path to prosperity. let me tell you, private companies operating in the free market are holding our story together. not washington. free market private companies. just leave them alone. i'm larry kudlow. we'll be right back. >>> big story today. obama care contraception and religious freedom. did anything change today when the new regulations were published by the health and human services department? some religious groups are saying there's still no real opt-out for religious groups, cathol
did team obama make any real changes to the obama care contraceptive coverage or not? the much-promoted accommodation for religious groups may be falling flat. is there still religious freedom in this story? some catholic leaders today say it's all window dressing. later on in the show it's super bowl weekend, but the big buzz is all about the stunning revelations surrounding dan marino and his love child. our own brian schactman spoke to marino just before the scandal broke, and wait until you...
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this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to regulate the energy industry, trying to do more in the car industry, trying to take over the health care industry. >> can i just interject? you see the problems between government has mother may i decisions over the economy. >> it has nothing to do with the obama administration. the problems of the post office go back way before president obama existed. the reality is it's an inefficient organization that has to answer to the government to make decisions. the problem is people aren't using the post office. >> let me make a quick point. first of all it's
this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to...
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Feb 7, 2013
02/13
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when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your view? when do you think that happens? >> when republicans begin to present our message better and we tell people whether you're rich, poor or middle class you'll have more jobs and more money if we leave money in your state, leave money in your pocket and that's how the economy will grow. when people figure that out, i think they will come back to the republican party, but they also have to see that what he's planning for us is -- it is bankrupting us as we speak. we're borrowing $50,000 a second and it can't go on. >> i didn't know it was a second. >> let me ask you about one other issue before we let
when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your...
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Feb 15, 2013
02/13
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worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns override the good feelings on equities and when do you get off of that ride? >> how do you know to get off? we talked michael about how to buy stocks wisely but what about selling stocks wisely? what is the indicators to you that now might be the time to take profit? >> i think the biggest indicator is a a reduction in the rate of growth of corporate earnings or complete fall-out. that would be substantial because that does provide support for dividend yields and also does provide support for pricing. so that would be a big one. more globally and more longer term, i think the state of the u.s. economy an
worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns...
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Feb 12, 2013
02/13
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. >> is it possible tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the session, course of the program. what is your takeaway from what tim cook said or didn't say today? >> listen, i think it's very interesting this whole conversation with what einhorn has now created with apple. this conversation ensuing. i like apple. i like apple where it is at the moment. >> did you like it all the way down. >> i said a long time ago when it started to crack at 700, you had to be careful. there's so many names we saw at the end of the year, get into it, push and push the way the market got ahead of itself. i fully expect the market will back off some. it needs to some. if you look it up, exactly
. >> is it possible tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the...
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Feb 12, 2013
02/13
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you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour into the trading day in europe. pretty even stevens, actually. we're keeping our focus in the uk on barclay's. as we are on the xetra dax and the ibex and the cac 40. so no clear direction, as you can see. now, the nikkei was trading again today. let's show you where we've finished with the nikkei. up 2%. this morning, the yen was weakening again. we've seen it down against the dollar. we were bound at those may 2010 lows yesterday. shanghai composite up 0.5%. the hang seng up slightly, as well. we were flat in australia and the kospi down slightly flat. the au
you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour...
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Feb 26, 2013
02/13
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>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. yes, you could. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in
>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get...
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Feb 12, 2013
02/13
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i think obama's second term is a different mind-set than obama first term. >> we have to leave it there. we have a packed show. david as always appreciate you coming on "street signs." thank you very much. take care. >>> on deck, is tim cook cooked? apple doesn't turn it around, should a new ceo be on the way? later on goldman sachs ceo blankfein will be here live. certainly a lot to talk about with the man who runs goldman. stick around. back after this. [ woman ] don't forget the yard work! okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. >>> big news the past hour on the future of television. jul julia, is it true i'll be on all channels all the time. >> we can only hope. the big news here, intel is getting into the tv business, new division intel media work
i think obama's second term is a different mind-set than obama first term. >> we have to leave it there. we have a packed show. david as always appreciate you coming on "street signs." thank you very much. take care. >>> on deck, is tim cook cooked? apple doesn't turn it around, should a new ceo be on the way? later on goldman sachs ceo blankfein will be here live. certainly a lot to talk about with the man who runs goldman. stick around. back after this. [ woman ]...
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Feb 13, 2013
02/13
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obama sees the economy and whether he winunderstands that. if you're going to take away from some in order to give to others, i don't think that will be effective or received very well outside his base. >> a year ago it was the buffet rule. it was warren buffett's secretary in the first lady's box this year it's going to be the likes of a tim cook bringing mcintosh production back to the states. do you think we've edged off of that class warfare a about bit? >> i don't know. i want to hear what the president has to say. i have heard different things but have not read the speech. if he wants to go protectionist, for example, i think that will be poorly received, frankly, again, outside of his own union base and so forth. the tim cook thing is fascinating. i get that. if you bring manufacturing facilities home, that would be great. cut the corporate tax rate that would give them an incentive. regulate less that would give them an incentive to come home. >> certainly he will talk about incentives to try to bring manufacturing back home. i would
obama sees the economy and whether he winunderstands that. if you're going to take away from some in order to give to others, i don't think that will be effective or received very well outside his base. >> a year ago it was the buffet rule. it was warren buffett's secretary in the first lady's box this year it's going to be the likes of a tim cook bringing mcintosh production back to the states. do you think we've edged off of that class warfare a about bit? >> i don't know. i want...
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Feb 4, 2013
02/13
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now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. the senate has not t
now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do...
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Feb 26, 2013
02/13
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>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? [ sneezes ] [ sniffles ] [ female announcer ] for everything your face has to face. face it with puffs facial tissues. puffs has air-fluffed pillows for 40% more cushiony thickness. face every day with puffs softness. you know it even after all these years. but your erectile dysfunction - you know,that could be a questio
>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day....
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Feb 13, 2013
02/13
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. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sanctions could see further declines in iranian output. they say the sanction
. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth...
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Feb 11, 2013
02/13
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apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the knnuances of t trading here. but so far up 6 1/3%. peter costa -- >> yes. >> you've told us as a skeptic you threw in the towel recently and were willing to buy this market. >> it was right after i spoke to ralph. >> he considered you to turn bullish. >> he did. >> but you have to admit this market is getting tired here, don't you think? >> if you look at the market where we're down 19 today, i think we'll churn a bit. i think this churning might go on for probably another couple of months. but i don't think the market's -- it's not done yet. i just think that right now we're going to be in a pausing phas
apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the...
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Feb 5, 2013
02/13
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i know a lot of people when i got comments about president obama kick the can measure regarding sequestration, it did get a little reaction in the stock market. take a look at the spider. short-term reaction in the stock market where traders come in. here is where the announcement was made, a little blip upward here. volume picked up as well. that announcement asking congress for short-term package that would delay sequestration. see if that goes through. overall, mandy, this could happen tomorrow hitting new highs. i think that would be very important news. back to you. >> indeed it would, bob. thank you very much. >>> much more on these markets ahead. we begin the show with developing news from washington, the president proposing a new package of cuts and tax changes of he's trying to stave off s s sequester. john harwood, what's new on this matter? >> the president is trying to repeat what was done in january, a two-month delay in sequester. he's proposing one of several months not specified. he didn't specify spending cuts or tax cuts. his overall point was if we can't have a big package
i know a lot of people when i got comments about president obama kick the can measure regarding sequestration, it did get a little reaction in the stock market. take a look at the spider. short-term reaction in the stock market where traders come in. here is where the announcement was made, a little blip upward here. volume picked up as well. that announcement asking congress for short-term package that would delay sequestration. see if that goes through. overall, mandy, this could happen...
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Feb 19, 2013
02/13
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says, if we follow president obama's plan, the u.s. in 25 years will be in worse shape than greece is today. >> by the way, stan druckenmiller, he is going to become more publicly vocal. >> is he? >> yes, he is. because he feels strongly that this is just a rape of unborn children. it's -- it's generational theft on an enormous magnitude. i frequently, if i have to give a talk, i ask people, particularly if they're older like i am, i say to them if you had one meal left, and you had your grandchild with you, would you eat it or would you give it to your grandchild? they all say, i'll give it to my grandchild. guess what? they're eating their grandchildren's breakfast, lunch and dinner right now, and they haven't been born yet. this is going to happen. >> right. >> these are -- >> i think these are absolutely great points. i mean, our prior perspective on this has been the periods in when you get big bull markets on stocks, when p/e multiples go to 20, the '50s '80s and nineties, those occurred with stable monetary policy, government sp
says, if we follow president obama's plan, the u.s. in 25 years will be in worse shape than greece is today. >> by the way, stan druckenmiller, he is going to become more publicly vocal. >> is he? >> yes, he is. because he feels strongly that this is just a rape of unborn children. it's -- it's generational theft on an enormous magnitude. i frequently, if i have to give a talk, i ask people, particularly if they're older like i am, i say to them if you had one meal left, and...
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Feb 15, 2013
02/13
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. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he announced on cybersecurity at the state of the union earlier in the week. the white house's top cyber guru talked about the scope and scale of these attacks. >> the threat is becoming more sophisticated and it's becoming more dangerous. we're moving up the threat spectrum from simply the internet equivalent of graffiti up to what you see what happened to saudi aramco with actual destructive impact. >> and what he's talking about there in that attack, officials said it was a month's long attack on the saudi arabian oil company designed to cut off oil production and sale, that hackers might have ability to do that. now, experts
. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he...
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Feb 11, 2013
02/13
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you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low volatility, so
you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by...
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Feb 25, 2013
02/13
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first lady michelle obama presenting the film with the top prize, as you saw. >>> what's on the agenda in the united states, there's no economic data today, but invests will be keeping a close watch on capitol hill as ben bernanke testifies before congress on the economy on tuesday and wednesday. atlanta fed president dennis lockhart speaks about the economy this evening. that's at 7:00 p.m. eastern. on the results page, first energy hurts lows, realology, autodesk muck notable names reported today. how are we set up for this week? michael gurka, good to see you this morning. hope you had a good weekend. we snapped the seven week of straight gains for the s&p at the beginning of the year. still, not a bad close on friday. we have the sequester at the end of the week, bernanke at the elsewhere.nd everything else how do you see it playing out? >> well, ross, i wonder if we're going to go satellite hook up to michelle obama again so she can give us the okay on the sequester and then we can put some more glitz to that, also, because that's how you want -- the market has jitters right now.
first lady michelle obama presenting the film with the top prize, as you saw. >>> what's on the agenda in the united states, there's no economic data today, but invests will be keeping a close watch on capitol hill as ben bernanke testifies before congress on the economy on tuesday and wednesday. atlanta fed president dennis lockhart speaks about the economy this evening. that's at 7:00 p.m. eastern. on the results page, first energy hurts lows, realology, autodesk muck notable names...
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Feb 11, 2013
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tomorrow we preview president obama's state of the union. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
tomorrow we preview president obama's state of the union. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
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Feb 28, 2013
02/13
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president obama and top lawmakers huddling at the white house as the ax hangs over spending programs that could slow down the economy. does wall street prefer those cuts to closing tax loopholes like the president advocates? we'll take a look at all of that coming up. stay with us. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? around here, options are everything. yes mom, i'll place a long call to you tomorrow. i
president obama and top lawmakers huddling at the white house as the ax hangs over spending programs that could slow down the economy. does wall street prefer those cuts to closing tax loopholes like the president advocates? we'll take a look at all of that coming up. stay with us. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next....
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Feb 28, 2013
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now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert. welcome. just on this point about the u.s., we've seen markets not just holding up, but, in fact, doing quite well ahead of the sequester. why is that? >> well, i think there's an underlying -- there's real underlying evidence of the strength in the u.s. economy, which is partly allowing markets to look through what are clearly concerns about tightening in this economy. >> it's one thing that the u.s. is leading the recovery, perhaps leading this leg of the expansion. is it important in that sense? >> of course, the u.s. economy is not much bigger than japan, so it's always going to be more importa
now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert....
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Feb 21, 2013
02/13
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obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna happen. i have been through this when i worked for flaengt budget bureau. not going to be a government shutdown. there's going to be a continuing resolution. and they are going to reallocate from defense to non-defense. this story is going to turn out good, not bad. that's my point. going to be a plus story, not a bad story. >> larry, thank you for coming in. be sure to catch larry, "the kudlow report," every week night at 7 p.m. eastern time. coke just tanked their dividend along with walmart. talk about that in a moment. >>> google, almost $1,0
obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna...
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Feb 21, 2013
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he's hoping president obama likes his abe-nomices, so to speak. a summit with the two leaders will be held on friday where prime minister abe is expected to deliver a policy speech entitled, "japan is back." tomo is joining me now. thanks so much for your time. is japan back? >> that's a good question. i think japan is certainly back and with the depreciation of the yen and higher stock prices, the market reacts at least that way and we think that this will impact on our financial market is going to filter through to the real economy anytime soon. >> this is the interesting point. it's one thing for investors to bid up the nikkei, to push down the yen in anticipation of the bank of japan will be extremely aggressive. we'll deliver on its inflation target. it's another to actually deliver. have we moved on that phase now where they have to deliver and how likely is it that they can? >> well, we are going to see a new governor and the two deputy governors in april. so, well, i think regardless of who is going to be the next governor, the bank of jap
he's hoping president obama likes his abe-nomices, so to speak. a summit with the two leaders will be held on friday where prime minister abe is expected to deliver a policy speech entitled, "japan is back." tomo is joining me now. thanks so much for your time. is japan back? >> that's a good question. i think japan is certainly back and with the depreciation of the yen and higher stock prices, the market reacts at least that way and we think that this will impact on our...
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Feb 14, 2013
02/13
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>>> the drug wholesaler cardinal health is betting big on obama care. assuremed will give cardinal health access to the growing number of americans treated a the home and there you see cardinal health up 77 cents a share at 4621. a lot of merger activity today, sue. >> yeah, there is. but the overall mark set is qui right now. the s&p is holding well above that 1500 mark, which is important of course, technically. we want to hold that 1500 mark especially on closing basis. nasdaq is bucking the downward trend of the dow. up about 2 1/3. let's look at some of the major stocks moving in today's trading session. airline index. arca index is down. but keep in mind, we have had a huge run. consolidation game apparently judged by investors is over. heinz, one of the big winners, with all of the activity continuing to add on to its gains and it is now up by a full 20% on the trading session. ty? so not bad. >> one of the most interesting things is talking about the importance of free cash flow and how that is so appealing in today's market. a lot of food compa
>>> the drug wholesaler cardinal health is betting big on obama care. assuremed will give cardinal health access to the growing number of americans treated a the home and there you see cardinal health up 77 cents a share at 4621. a lot of merger activity today, sue. >> yeah, there is. but the overall mark set is qui right now. the s&p is holding well above that 1500 mark, which is important of course, technically. we want to hold that 1500 mark especially on closing basis....
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Feb 11, 2013
02/13
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president obama has declared connecticut a state of emergency room. local public schedules should be back on service. laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade this event? >> this particular weekend is a good weekend if you're going to have a nasty storm. it's after christmas selling season, it's after january clearance. it's before tax rebates start showing up, particularly this year, which is a bit more complicated to get your refund. so the timing really won't hurt much of retail. if you wanted to trade it, probably the way to do it would be to own home improvement companies because home depot and lowes, i'm sure, did see a pick up in their sales before this storm. >> so february being the kind of in between or quieter time as
president obama has declared connecticut a state of emergency room. local public schedules should be back on service. laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade...
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Feb 1, 2013
02/13
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so a lot of changes here for barack obama. obviously this is typical when you have a second term but of course it's a tricky period for any president to navigate because he's got those familiar faces now parting ways and he's got a whole new crew coming in. >> transportation, too, as my producer points out. and energy one of those that really does have implications for investing. thanks so much. >> yes. >> so is this rally going to continue? on the newsline this morning brian belsky the chief investment strategist with bmo capital markets, good morning to you. >> good morning, carl. thanks for having us. >> what do you make of today and everything that's led up to today starting at the beginning of the year? >> well, i tell you what. this is all about building, quote-unquote, street cred for equities again, rising stock prices do a lot with respect to making people feel better about the institution of equity investing. clearly, some asset allocation models have poured money back into stocks and that is why we've seen near term
so a lot of changes here for barack obama. obviously this is typical when you have a second term but of course it's a tricky period for any president to navigate because he's got those familiar faces now parting ways and he's got a whole new crew coming in. >> transportation, too, as my producer points out. and energy one of those that really does have implications for investing. thanks so much. >> yes. >> so is this rally going to continue? on the newsline this morning brian...
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Feb 27, 2013
02/13
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when president obama took office, you saw fear of gun legislation. that stock, by the way, up a hundred percent in six months? >> incredible. papa john's is being slammed. >> it is all about this accounting error, joint venture agreement. you can see investors slamming the sell button on this one. >> this reporting a quarterly profit, a loss, the problem is outlook for lack of an outlook. they did not give you sales outlook for 2013 and can you see it aching it hard there. >> i want to move over to what is happening with retailers. one by one by are hearing from these guys. jcp after the bell today. >> target is entering its slipping. part of the problem is kbiedance. murky, then you see headlines dropped from conference jc penney after the bell, now retail analyst will tell you, expectations are low. also watch out, because it is long here over the last three quarters. >> so we invite in mr. herb greenburg. herb, you come in on this one. coach? >> i got to say, the j man? >> j man. everyone has a nickname, as far as i'm concerned. herby, he is the j
when president obama took office, you saw fear of gun legislation. that stock, by the way, up a hundred percent in six months? >> incredible. papa john's is being slammed. >> it is all about this accounting error, joint venture agreement. you can see investors slamming the sell button on this one. >> this reporting a quarterly profit, a loss, the problem is outlook for lack of an outlook. they did not give you sales outlook for 2013 and can you see it aching it hard there....
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Feb 20, 2013
02/13
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obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the interior ministries come out with. we produced research last year just inside the g20 countries. if the u.k., india, china, and u.s. relax some of these visa policies, it would create another five million jobs, bring another $60 million of income into the countries. security forces and interior ministers need to do their work, keep the border safe. equally, they need to relax visas and automate them, make them electronic. >> there's talk that it might be scrapped -- >> i don't think that will happen. the agreement for visas is robust. as a consumer flying into the countries, it's perfect. you
obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the...
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Feb 6, 2013
02/13
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. >> and criticses that say obama didn't have enough women. >> that's right, mandy. >> a major storm brewing on the anniversary of another monster blizzard. a whole lot of snow apparently heading to the northeast. we will give you your updated storm tracker next. >> rain nor sleet nor hail will stop the post office from delivering your mail. at least for now. post office said so long to saturday service. i say, don't panic, everything is fine. >> and tim geithner writing a book. what would you title it? again, sweeping the interweb, ahead. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. money needs an ally. >>> neither snow nor rain can stop your mailman, unless it's the weekend. because the postmaster general announcing today the post office will stop saturday delivery in august. a move that he says is desperately needed. >> a typical large organization would have either cash on hand or quick borrowing ability. two mo
. >> and criticses that say obama didn't have enough women. >> that's right, mandy. >> a major storm brewing on the anniversary of another monster blizzard. a whole lot of snow apparently heading to the northeast. we will give you your updated storm tracker next. >> rain nor sleet nor hail will stop the post office from delivering your mail. at least for now. post office said so long to saturday service. i say, don't panic, everything is fine. >> and tim geithner...
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Feb 27, 2013
02/13
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despite rising gas prices, a sluggish economy, a staredown between president obama and congress on spending cuts the market continues to climb that wall of worry reaching an all-time high. more now on this week and what this week could tell us about that historic number. good to so you guys. fir, let me ask you about the end of the day here. we were up more than 200 at the end of the day. we ended up 175. what did you see in terms of action? was there some stock for sale? >> not so much stock for sale. just saw the market kind of tested at 200 and then just backed off. not a sense of all of a sudden profit-taking. just kind of churning and backing off. i wouldn't -- i wouldn't -- it wasn't overly stock for sale. >> but, are you guys seeing the kind of conviction day in and day out to buy stocks still? >> no. i didn't see it on the way down. there was no panic selling, and i'm not seeing it on the way back you. all the clients i talked, to multi-strategy funds that are out there. watching the whole market swing back and forth and letting do its thing and not getting in the way of anything. v
despite rising gas prices, a sluggish economy, a staredown between president obama and congress on spending cuts the market continues to climb that wall of worry reaching an all-time high. more now on this week and what this week could tell us about that historic number. good to so you guys. fir, let me ask you about the end of the day here. we were up more than 200 at the end of the day. we ended up 175. what did you see in terms of action? was there some stock for sale? >> not so much...